If there is no proper management, then it is difficult for a business to survive. This is because good management is concerned with attaining maximum profits with minimum efforts. In other words, without an effective management, resources of production will remain underutilised. This is because it brings the human as well as material resources together and then motivates them for the achievement of an objective. Many people are not aware of the fact that management creates a team spirit in the company by creating a good organizational structure. However, there is a wide assortment of management myths, which is important for a leader to stop.
Common Management Myths
Training employees is the top-most duty of the company
Today, learning has become much more personalized as well as learner centric and when you learn this way, then you will know that it has become a part of your daily work routine and something which is completely different from work. Thus, the days of big-event and corporate-sponsored training are gone and are replaced by highly personalized as well as employee-driven development plans.
Employees are not loyal if they are not working according to the company’s methods
When employees have the chance to develop their own work system, then they are able to work in a proper way, which helps them in satisfying employees. This means that performance should be created on the value created rather than hours performed or sticking to the old method of doing the work.
Enforcing strict working hours for achieving success
Millennials don’t follow an early-to-rise schedule and don’t work on a 40-hour a week, but they make sure that they are practicing work/life blending. They send email to colleagues while standing in the queue of grocery shopping and pitch prospective clients on their way to work. Hence, flexibility is important for the success.
Employees will give bad results if they work from home
Working at home boosts productivity among workers and improve their engagement with the business. So, when they work from home they tend to give good results. Hence, this is the biggest management myth which needs to stop.
Social media sites act as a threat to retention
If you have the fear of losing your people because they are engaged in social media, then you are surely missing the most important opportunity. By encouraging them to use social media to do their jobs in a better way, you are not only allowing them to do their jobs in a better way, but giving them the chance to promote the company.
All those employees come under the category of disloyal who leave the firm
This is also one of the biggest management myths, which should be prevented. It is very important for you to stay connected to them afterward because this acts as a great way to build brand ambassador. In addition, you should provide them good experience as this allow them to return to your workplace or find out those candidates who are suitable for the roles you have vacancies for in your business.
Attaining success in this highly competitive marketplace is not an easy task, but to bring some ease, leadership first needs to prevent all these above-mentioned management myths. This way companies can get a better view of running their business, which leads to better revenue.